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What is the outlook for negotiated wages in France?
[Quelle évolution des salaires négociés en France?]

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  • Erwan Gautier

Abstract

Since 2008, growth in nominal industry-level wage floors in France has slowed progressively. In a near-zero inflation environment, wage floors have risen by less than 1% per year since 2014. Increases in negotiated wages are largely determined by past inflation and by changes in the national minimum wage (NMW). As a result, the upturn in inflation observed in 2017 could lead to slightly stronger growth in nominal negotiated wages in 2018. Depuis 2008, en France, les salaires minima de branche ont progressivement ralenti en termes nominaux. Dans un contexte d’inflation proche de zéro, ils ont augmenté à un rythme inférieur à 1% par an depuis 2014. Ces hausses de salaires négociés dépendent de l’inflation passée et de l’évolution du Smic. Le début de redressement de l’inflation observé en 2017 pourrait donc entraîner une hausse nominale un peu plus élevée des salaires négociés en 2018.

Suggested Citation

  • Erwan Gautier, 2018. "What is the outlook for negotiated wages in France? [Quelle évolution des salaires négociés en France?]," Eco Notepad (in progress) 49, Banque de France.
    • Handle: RePEc:bfr:econot:49
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